Equity funding · Nigeria · Oil gas
Dangote Refinery
Dangote Refinery raised $1bn from Mr Elumelu, Mr Adenuga.
Amount
$1bn
Round or stake
n/a
First reported
2026-05-12
Verification
Corroborated
4 independent reports
Parties
- Mr Elumelu investor
- Mr Adenuga investor
Sources (4)
- Dangote Plans $50 Billion IPO Valuation for 650,000 Bpd Refinery · THISDAYLIVE · 2026-05-12
- Dangote Plans London Listing for $12B Cement Firm This September · Dabafinance · 2026-05-13
- Dangote plans September IPO for oil refinery business, founder says · CNBC Africa · 2026-05-21
- Dangote Refinery raises $1 billion at $39 billion valuation ahead of IPO · Billionaires.Africa · 2026-06-11
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